"Eurasia" Insurance Company" JCS takes part in reinsurance of aircrafts of Indian budgetary air carrier

/IRBIS, July 20, 2011/ - JSC "Insurance Company "Eurasia" is involved in the reinsurance of ten aircrafts Airbus A320, owned by budget airline Go Airlines Private Ltd., performing domestic flights in India, reports the press-service of JSC "Insurance Company "Eurasia". The airline was founded in 2005 in Mumbai and offers its services under the brand GoAir. It currently provides 160 daily flights to 19 most popular destinations. As noted, under a contract of reinsurance are covered risks of loss or damage to all aircraft owned by the company, leased or used on behalf of the carrier, including spare parts and special equipment installed on board, both during flight and on the ground. In addition, is also covered air carrier liability for damage to life, health or property of third parties, liability for injury to passengers and their baggage. "Budget airlines are based on the principles of timeliness and accessibility, and low cost is compensated by several factors, including the frequency of flights. That's because low cost carriers attach great importance to the choice of reliable partners for insurance as any unforeseen events can have a significant impact on their activities" - was specified in the message. [2011-07-20]